ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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India and the Market of South and Southeast Asia

There are several forces at work as a result of which the market for industrial goods in India tends to remain inelastic. The pattern of distribution of income and wealth, and the nature of technology imported from abroad are two of the major factors which are responsible for this inelasticity. In any case, so long as output restriction at home is a profitable proposition, who would care for export promotion! The foreign demand for India's traditional exports is lately picking up, but the buoyancy of these agro-based or agro-related commodities is not likely to offer a long-term solution for India's exports. Among the non-traditional exports the potential strength of India lies precisely in those goods which em- body the technology that is suited to Asian conditions.

In Search of a Tape

In Search of a Tape Ranjit Sau Comparison of Economic Systems: Theoretical and Methodological Approaches, edited by Alexander Eckstein; Delhi : Oxford University

On Guilty Conscience and Faulty Consensus

non-aligned countries to recognise the Government of Norodom Sihanouk as the only legal and rightful Government of Cumbodia immediately. (Indonesia, Singapore and Malaysia expressed their reservation on this decision, but the Sihanouk Government was recognised by Senegal, Burundi, Zaire, Uganda and the United Arab Emirates at the conference itself.) The conference reiterated that armed struggle was the only way of ending colonial and racial domination in South Africa, Namibia, Zimbabwe (Rhodesia), Angola, Mozambique, Guinea-Bissau and Cape Verde, so-called Spanish Sahara, so-called French Somaliland (Dji- buti), the Comoro Islands and Seychelles, It called upon the non-aligned countries to provide active material support to the armed struggle of African liberation movements.

Growth and Fluctuation in the Indian Economy

WITH ups and clowns the Indian economy had a variegated experience in the fifties and .sixties. It passed through periodic motions of exhilaration and crisis; -and in the process the basic contradictions of the economy were manifested in bold relief.

And Quiet Flows Orthodox Economics

And Quiet Flows Orthodox Economics Ranjit Sau Industry and Underdevelopment by R B Sutcliffe; Addison-Wesley Publishing Co, London, 1971; pp xiv + 386.

Political Economy of Indian Agriculture-What Is It All About

Political Economy of Indian Agriculture What Is It All About?
Ranjit Sau Recently there was a seminar in Calcutta an the political economy of Indian agriculture. This note is not a re\)ort on it; nor is it an appraisal thereof cither. This note only presents the author's personal views and understanding on the scope and method of the political economy of Indian agriculture, activated as they were by the Calcutta seminar and crystallised in course of subsequent reflections.

Cries of Crystal Gazers

The Prediction of Communist Economic Performance (ed) P J D Wiles; Cambridge University Press, 1971; pp x + 390;

On the Essence and Manifestation of Capitalism in Indian Agriculture

Capitalism in Indian Agriculture Ranjit Sau The question of the degree and trend of capitalist development arises in the context of defining the strategy and tactics of class struggle. The basic question, then, is twofold : (a) whether and to what extent capitalism has already penetrated and is penetrating Indian agriculture and industry; and (b) whether capitalism can develop in India, and if it develops what its character would he.

And Now, Gentlemen, the New Strategy for Industrialisation

Ranjit Sau Southeast Asia's Economy: Develoment Policies in the 1970s by H Myint; Penguin Books, 1972; pp 190, 45 p.
WHEN the curtain finally dropped in Gunnar Myrdal's "Asian Drama" the Green Revolution had not yet appeared on the scene. It was just looming large on the horizon by the time the Pearson Commission got down to chalking out the do's and don't-do's for the aid-givers; the Commission however had precious little to say as to what the poor aid-receivers should do. The book under review fills up an important gap: it is in effect a report of the poor men's Pearson Commission. Myint does not require much time to narrate the Southeast Asian drama as such; he goes straight to the epilogue. The Green Revolution is taken for granted. Of course, there are some technical problems, it is recognised; and a few organisational problems as well. But they need not detain him for long. "Side effects"? Yes. The bigger farms, for instance, are using "excessively mechanised methods of farming which waste scarce capital resources and result in too little employment''. Well, the solution is not far to seek. Increase the rate of interest, and impose excise taxes on heavy tractors. Next: there are "practical problems of labour relations. Given the 'revolution of rising expectation', workers in most underdeveloped countries including the Southeast Asian countries tend to demand a higher wage rate than which is consistent with full employment of the existing labour supply", Myint has a quick recommendation : preserve the small-scale tenancy. "In practice a tenant may be prepared to work for much lower real wages on his farm than he is willing to work as a labourer on a large farm This will [also] help to increase the volume of agricultural employment". To continue, "since the Green Revolution in Southeast Asia does not confer significant technical advantages upon large- scale farming units, the pattern of small peasant holdings may be retained because the large farmers tend to use excessively capital-intensive and labour- saving machinery, such as heavy tractors, etc, and because peasants tend to work better on their holdings, even as tenant farmers, than as agricultural lalwurers on the larger farms". Besides, observes Myint, "there seems little vali- dity for the general argument that land reform is a necessary precondition for further agricultural development''.

The New Economics

Ranjit Sau Is all the hullabaloo over the Prime Minister's celebrated speech of March 25 completely devoid of any operational or theoretical significance?

Left, Right, Left Industrialisation for the Forced March

Left, Right, Left: Industrialisation for the Forced March Ranjit Sau The Modernisation Imperative and Indian Planning by Baldev Raj Nayar; Vikas Publications, 1972; pp xii + 246; Rs 30.

On Rural Poverty-A Tentative Hypothesis

A Tentative Hypothesis Ranjit Sau This note seeks to explore the factors which might explain the considerable inter-state variations in the incidence of poverty.


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